Bansal Wire Industries Limited has informed the exchange regarding disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with respect ....
BANSALWIRE · price
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Bansal Wire Industries received a favorable appeal order from the Additional Commissioner Grade-II (Appellate Authority) on May 18, 2026, regarding a GST assessment order for FY 2023-24. The company originally faced a demand of Rs. 39,87,711 in tax, interest, and penalty under Section 74 of the CGST/SGST Act, 2017. Following the appeal, the company paid only Rs. 44,491, and the balance Rs. 39,43,220 has been reduced to nil. The matter related to alleged issues with E-way bills, blocked ITC availment, excess ITC, and non-payment of tax on RODTEP license sales. The company states the order reaffirms its strong compliance framework and has no financial impact.
This is a positive development for the company as the GST demand of approximately Rs. 39.9 lakh has been substantially reduced. The favorable ruling eliminates potential financial liability and reinforces the company's tax compliance standing.